Chart of the Day GBPUSD

GBPUSD bounce could get attention

Today we have GBPUSD price action on a watch.

GBPUSD is testing the lower end of the newly formed channel 1.1400 level. We could see a bounce from here and a reversal higher after the 700 pips crash down. A daily close above 1.1950 level will accelerate the upside reversal to 1.2500.

 

ARMAT trading system is neutral

Note – channel line test. Look for long trade entries with the stop loss below 1.1500

 

 

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